8/11/2023 0 Comments Paytm ipo![]() ![]() Revenue dipped nearly 15% to 28.02 billion rupees, according to the prospectus. Paytm said it had around 333 million users as of March 31.įor the year that ended on March 31, One97 Communications, which owns Paytm, posted a loss of 16.96 billion rupees - a slight improvement from the 28.42 billion rupees loss in the previous year. Paytm is also a fully licensed digital bank and has launched insurance, wealth management as well as cloud and commercial services.īut, it faces stiff competition for market share from deep-pocketed rivals such as Google Pay, Walmart's PhonePe and Facebook's WhatsApp messaging service, which allows users to send money through the app. More than a decade later, the start-up has become a ubiquitous name in India's digital payments space as millions use the service to pay for things including utility bills, groceries, recharging mobile connections and buying movie tickets. Paytm started in 2009 as a platform that allowed Indians to pay their bills and top-up their mobile plans. The Noida-headquartered company said it would use proceeds from the IPO to grow and strengthen its payments ecosystem, as well as invest in new business initiatives, acquisitions and partnerships. It is also in talks to potentially undertake a pre-IPO placement of 20 billion rupees, which would reduce the size of new shares issued. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower The company may report earnings of somewhere around 17 INR in FY26.Best Debt Consolidation Loans for Bad Credit The head of research (PCG), SMIFS, Sharad Avasthi said, “We believe that Paytm is in for some strong rating in the years to come as the company settles into existing businesses and starts delivering bottom line growth. Paytm has seven lending partners and aims to expand three to four partners by next year. Under FLDG, fintechs help banks and NBFCs recoup losses that occur when customers default on payments. It was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. Paytm is also likely to benefit from RBI’s First Loss Default Guarantee (FLDG) framework. Paytm (acronym for 'pay through mobile') is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida. The company, in a stock exchange filing, said, “Our focus over the last few quarters has remained on payment volumes that generate profitability for us, either through net payments margin or direct upsell potential." The consumer base continues to expand, with 9.2 crore average monthly transacting clients for the quarter so far (average for April and May 2023), a 24% increase year on year.įurthermore, Gross merchandise volume (GMV) for the last two months was INR 2.65 lakh crore. Its products, such as the Soundbox and POS machines, are currently paid for by about 75 lakh retailers. Paytm announced a solid monthly performance last week, backed by an increase in its subscription devices for payment gadgets. ![]() In a year, consolidated revenue from operations increased by over 52% to INR 2,335 crore. Its losses fell to INR 168 crore in the March quarter, down from INR 761 crore year on year and INR 393 crore in the previous quarter. However, the stock has recently gained traction, fueled by better-than-expected quarterly results and good management forecasts. Paytm has been under pressure since its first public offering on November 18, 2021, and it is still 56% below its listing price and 61% below its issue price of INR 2150. However, its share price remains substantially below its IPO price. The company has returned roughly 19% in a month and 41% in a year, with a market capitalisation of INR 54,314 crore - a gain of INR 1,499 crore in a single day. ![]() ![]() One 97 Communication, or Paytm, rose 2.84% on June 14, reaching a new 52-week high of INR 864 on the NSE. ![]()
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